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Fees

 

Refund Guidelines
Licence fees and Compensation Fund assessments are not refundable after licence issuance. If you surrender your licence in the first year of the licensing period, a refund of the second year Errors and Omissions Insurance assessment is available.

If you withdraw your application for any reason prior to licence issuance, the application fee will not be refunded. 

Renewal Guidelines
If your completed renewal application, along with the appropriate fee is not received at the Council’s office by the renewal due date, the application will be treated as a re-licence application, and the re-licensing fee will apply.

The renewal of a secondary managing broker’s licence does not require an Errors & Omissions Insurance assessment.

 

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Licensing Fee Tables

Show/Hide Answer Fees for Individuals

 

  Current April 1, 2017
First-time Licensing Application $1360 $1660
Re-licensing Application
(unlicensed for more than 90 days from licence expiry)
$1360 $1660
Licence Renewal Application $1330 $1330
Late Renewal (unlicensed less than 90 days from licence expiry) $1360 $1360
Licence Transfer or Reinstatement Application $130 $230
Change of Licence Level or Category $130 $230
Secondary Managing Broker Licence Application (with affiliated brokerage) $660 $660
Secondary Managing Broker Licence Application (with branch office) $560 $660
Name Change $30 $30

 

The Council accepts fee payments in cash, VISA, MasterCard, money orders or cheques made payable to the “Real Estate Council of BC.”

 

Show/Hide Answer Fees for Brokerages

 

  Current  April 1, 2017
Initial Licensing Application – Brokerage $1510 $1860
Initial Licensing Application – Branch Office $560 $660
Initial Licensing Application – Sole Proprietor
(Please contact the Council for information about licensing as a sole proprietor.)
$1510 $1860
Licence Renewal Application – Corporation, Partnership, or Sole Proprietor $1480 $1330
Licence Renewal Application – Branch Office $530 $630
Change of Licence Level or Category $130 $230
Name or Address Change $30 $30

 

The Council accepts fee payments in cash, VISA, MasterCard, money orders or cheques made payable to the “Real Estate Council of BC.”

 

Show/Hide Answer Pro-Rated Fee Table for Personal Real Estate Corporations

Licensees who apply to licence a Personal Real Estate Corporation must submit payment for licensing fees for the period from the date of the application until the expiry date of their individual’s licence. The following table outlines the pro-rated licensing fees.

 

Number of full months between application date and
the expiry date of the controlling individual’s licence
Current  April 1, 2017
1 $57 $69
2 $113 $138
3 $170 $208
4 $227 $277
5 $283 $346
6 $340 $415
7 $397 $484
8 $453 $553
9 $510 $623
10 $567 $692
11 $623 $761
12 $680 $830
13 $737 $899
14 $793 $968
15 $850 $1,038
16 $907 $1,107
17 $963 $1,176
18 $1020 $1,245
19 $1,077 $1,314
20 $1,133 $1,383
21 $1,190 $1,453
22 $1,247 $1,522
23 $1,303 $1,591
24 $1,360 $1,660

 

The Council accepts fee payments in cash, VISA, MasterCard, money orders or cheques made payable to the “Real Estate Council of BC.”